In the face of unstable macroeconomic conditions in global markets, gold has once again become an attractive asset for investors. Central banks are actively accumulating gold, which is reflected in the prices and increased interest in tokenized gold assets such as Tether Gold.
Growing Popularity of Tether Gold
As of the end of the second quarter, Tether Gold was backed by 7.66 tons of gold, supporting over 259,000 XAUt tokens in circulation. The asset's market capitalization exceeds $800 million. The price of Tether Gold closely tracks the market value of physical gold, and over the past year, its price has surged by 40%.
Trends in Gold Demand
According to the World Gold Council, global central banks accumulated over 1,000 metric tons of gold in 2024, marking the third consecutive year they surpassed this milestone. Most central banks expect gold reserves to continue increasing over the next year.
Economic Factors Supporting Gold's Position
Escalating geopolitical risks and inflationary pressures lead investors to view gold as a safe-haven asset. Recent forecasts from the Federal Reserve also consider rising inflation, which supports interest in gold as a hedge against currency devaluation.
The gold market shows signs of strong demand amid economic uncertainty, and Tether Gold offers innovative opportunities for investors looking to diversify their assets.
